SCHEDULES

Valid from 06/04/2007

31U.K.In section 77(7) (settlor with interest in settlement) for “the settlor is, and the trustees are, either resident in the United Kingdom during any part of the year or ordinarily resident in the United Kingdom during the year” substitute “—

(a)the settlor is either resident in the United Kingdom during any part of the year or ordinarily resident in the United Kingdom during the year, and

(b)the trustees are resident and ordinarily resident in the United Kingdom during any part of the year.”